Ant Digital Technologies Initiates Application for Hong Kong Stablecoin License

Bian Zhuoqun, Vice President of Ant Group and President of Ant Digital Technologies’ blockchain business, revealed in an interview today that Ant Digital Technologies has initiated the application process for a Hong Kong stablecoin license and has already held several rounds of discussions with regulators. It is reported that Ant Digital Technologies has designated Hong Kong as its global headquarters this year and has already completed a regulatory sandbox pilot in Hong Kong.
Bian Zhuoqun made these remarks at the SNEC Shanghai Photovoltaic Exhibition on June 12, where Ant Digital Technologies and GCL Energy Technology jointly announced the establishment of a new company, “Ant Xinneng.”
Bian Zhuoqun stated that stablecoins, as a bridge connecting traditional finance and tokenized assets, have vast market potential. Their core value lies in the expansion of use cases and the development of compliance frameworks. Ant Digital Technologies, leveraging its industry and technological strengths, is committed to building digital transaction scenarios based on stablecoins and driving the development of new asset classes centered on technology. At the same time, by providing secure, reliable, and compliant infrastructure, Ant Digital Technologies aims to create new incremental markets for stablecoin transactions and enhance transaction efficiency and liquidity.